Binance US announced that it had raised $200 million in a seed round. According to a statement released on Wednesday, the company has a pre-money valuation of $4.5 billion.
Binance US is targeting an IPO in two to three years from April 6, CEO Brian Shroder said. This is the first time Binance.US has taken external investor capital and no valuation has been shared publicly before, he added.
“I personally feel that there is value in going through the process of going IPO because it requires a lot of regulatory discussions and those are things we welcome and are excited about,” Shroder said.
RRE Ventures, Foundation Capital, Original Capital, VanEck, and Circle Ventures are among its investors. Gaingels, an LGBTQIA+/Allies investment syndicate, and Gold House, a non-profit focused on enabling more multicultural representation and societal equity, were also among the investors in the round.
The crypto-based firm was created in 2019 as a separate legal entity from Binance.com, one of the world’s largest cryptocurrency exchanges.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Hazel
CoinCu News
Over 84% of the staked Sui token supply is controlled by the founders, raising centralization…
The Coinbase class action lawsuit, echoing a previous case against the exchange, accuses it of…
Tether's CEO, Paolo Ardoino, highlights discrepancies in the Bitfinex data breach, revealing that only a…
Bitfinex data leak allegedly by FSOCIETY includes 2.5TB of exchange data and 400K users' details.…
According to Parsec, Friend Tech v2's launch disappointed many, with 95% users unable to claim…
The legal debate over Ethereum classification intensifies as Consensys sues SEC for regulatory overreach.
This website uses cookies.